The Edmonton Metropolitan Region was featured in a recent report – Betting on Red and White: International Investment in Canadian AI. The report is based on a study commissioned by Invest in Canada aimed at examining the opportunities for Canada to utilize our current strengths in Artificial Intelligence (AI) in order to attract foreign direct investment. As one of the 3 AI hubs in Canada, Edmonton is becoming increasingly well-known for its strength in AI research and talent.
The study conducted interviews with twenty international companies from 8 different countries across 7 sectors to learn more about their experience with implementing AI and Machine Learning (ML) into their organizations and their understanding of the perceived assets that exist in Canada.
The study found that the majority of interviewees already view Canada positively as a destination for AI talent due to 4 key factors:
2. Capacity to Attract Skilled International Talent is Compelling
3. Regional Hub Development
4. Leadership on Ethical AI
AI is a transformative technology that has the ability to impact all industry sectors. As businesses accelerate the adoption of these tools, their importance and value couldn’t be more clear. While the study mentioned that participants did not see a lot in terms of barriers to AI adoption, they did note that there was some concern around the lack of expertise or talent. However, the Edmonton Metropolitan Region has that in spades. Indeed, this region has all the key ingredients to make it an attractive location for foreign direct investment opportunities in AI.
You can read the full report here.
To learn more about AI in the Edmonton Metropolitan Region check out this webinar.
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